Tehran, Iran, Oct. 8
By Emil Ilgar – Trend:
Iran’s non-oil trade balance stood at $1.398 billion in the first half of the current fiscal year(started on March 21).
According to the monthly report of Iran’s Custom Administration, Iran exported $21.706 billion worth of commodities, 5.99 percent more than in the same period of the last fiscal year, while its imports decreased by 2.61 percent to $20.308 billion.
Iran includes gas condensate and liquid gases in its non-oil export basket, while the total amount of Iran’s gas condensate, propane, butane and other liquid gases was about $7 billion.
Iran’s exports in 1HFY |
Volume (million tons) |
Y/Y change |
Value (billion $) |
Y/Y change |
Gas condensate |
8.901 |
- 3.36% |
3.496 |
- 12.85% |
Petrochemical products |
18.719 |
+ 53.50% |
8.698 |
+ 22.04% |
Other commodities |
31.512 |
+ 22.49% |
9.512 |
+ 1.84% |
Total |
59.132 |
+ 25.46% |
21.706 |
+ 5.99% |
China was Iran’s major trade partner during the last six months. According to the report, China shares 18.43 percent of Iran’s total non-oil exports as well as 23.93 percent of Iran’s total imports.
Germany also increased exports to Iran by 26.04 percent to $1.122 billion.
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